New Financial Order: Tokenization!
Highlights from SEC Officials
Paul Atkins (SEC Chairman)
Highlighted the potential of tokenization to reshape capital markets.
He stated that clear and logical regulations will be created for the issuance, custody and trading of crypto assets.
He emphasized that the current regulations do not adapt to blockchain technology and therefore need to be updated.
Hester Peirce (Commissioner)
She stated that tokenization will make traditional financial assets more "smart", enabling investors to use these assets more effectively.
Smart contracts could automate transactions such as dividend payments and securities transfers.
Caroline Crenshaw (Commissioner)
She said that the definition of tokenization needs to be clarified and it is important to determine what this concept means from a regulatory perspective.
She stated that it should be questioned whether public blockchains are suitable for securities markets.
Participation from Traditional Finance and DeFi
Representatives from traditional financial institutions such as BlackRock, Nasdaq, Fidelity, Franklin Templeton and Invesco took part in the event. These firms discussed the potential of tokenization to increase liquidity, ensure transparency, and expand market access. In addition, crypto-focused companies such as Chia Network, Securitize and Blockchain Capital shared their views on future regulatory challenges and smart contract governance.
The SEC's roundtable is part of the U.S. effort to create a clearer and more coherent regulatory framework for crypto assets and tokenization. Under the leadership of Chairman Paul Atkins, the SEC is expected to adopt a more open and technology-friendly approach. These developments could create new opportunities and challenges for both traditional financial institutions and the crypto community.